New regulations and objectives: The aim of the new regulations is to prevent fraud and money laundering in the crypto industry. All exchanges, whether domestic or international, must comply with more stringent AML rules.

Severe penalties: Severe penalties will be imposed for non-compliance, including fines and up to two years in prison. This reflects the government’s commitment to transparency and safety in crypto services.

Impact on the crypto market: These regulations not only minimize fraud risks but also create a better legal environment for investors. This could contribute to enhancing acceptance and investment in cryptocurrencies in Taiwan.